CNQ

Canadian Natural Resources Limited delivered strong Q2 results, with 18% production growth and a 60% revenue increase, supported by favorable oil prices. CNQ's adjusted funds flow reached CAD$6.9 billion, translating to a 20% AFFO yield and a 15% free funds flow yield after capital expenditures. Net debt declined to CAD$14.5 billion, positioning CNQ to soon reach its CAD$13 billion target and unlock even greater shareholder returns.

CNQ's Q2 earnings and revenues beat estimates as higher production and oil and NGL prices lift results and 2026 guidance.

Canadian Natural's Q2 call lifts 2026 production guidance after record output, keeps capital at C$6B and major growth projects on hold pending MOU terms.

Canadian Natural Resources Limited (CNQ:CA) Q2 2026 Earnings Call Transcript

The headline numbers for Canadian Natural Resources (CNQ) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

KMI, CVX and CNQ pair dependable dividends with scale, resilient operations and financial strength amid volatile oil prices and elevated supply risks.

Canadian Natural Resources (CNQ) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $0.51 per share a year ago.

Canadian Natural Resources surpassed expectations for second-quarter profit ​on Thursday, benefiting from higher ‌oil and natural gas production.

Calgary, Alberta--(Newsfile Corp. - August 6, 2026) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) announces that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.625 (sixty-two and one half cents). The dividend will be payable on October 2, 2026 to shareholders of record at the close of business on September 11, 2026.

Calgary, Alberta--(Newsfile Corp. - August 6, 2026) - Canadian Natural's (TSX: CNQ) (NYSE: CNQ) President, Scott Stauth, commented on the Company's second quarter results, "We had a very strong 2026 second quarter, reflecting our continued focus on operational excellence, capital efficiency and continuous improvement, which drove eight new operational and financial records in the quarter. An example of this performance was achieved in our world class Oil Sands Mining and Upgrading operations, where we experienced challenging weather elements, like other oil sands operations; however, our team successfully managed these challenges allowing the Company to exceed our budgeted production levels in the quarter, resulting in the highest quarterly oil sands mining production in its history, averaging approximately 625,000 bbl/d in Q2/26, with high upgrader utilization of 106%.